Michael Kremer

The Endowment Effect and Collateralized Loans

Collateral requirements play an important role in credit markets.

Working Paper

1 May 2022

Realizing the potential of digital development: The case of agricultural advice

Mobile phones are almost universally available, and the costs of information transmission are low. They are used by smallholder farmers in low-income countries, largely successfully, to optimize markets for their produce. Fabregas et al.

Journal Article

13 Dec 2019

Crony Capitalism, Collective Action, and ICT: Evidence from Kenyan Contract Farming

The shift from subsistence to commercial economies creates surplus, but often induces conflict over it. Under extractive institutions and weak contract enforcement, crony capitalism may emerge and limit the benefits of modernization.

Working Paper

15 Oct 2019

Harnessing ICT to Increase Agricultural Production: Evidence From Kenya

Sending SMS messages with agricultural advice to smallholder farmers increased yields by 11.5% relative to a control group with no messages. These effects are concentrated among farmers who had no agronomy training and had little interaction with sugar cane company staff at baseline.

Working Paper

23 Sep 2019

Management Information Systems and Firm Performance: Experimental Evidence from a Large Agribusiness Company in Kenya

A randomized experiment run in partnership with a large agri-business sugar company in Kenya shows that a mobile-based query system can improve the company's performance in the management of the provision of inputs to the company’s cane suppliers and generate positive geographic spillovers.

Research Note

3 Mar 2017

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Michael Kremer

Researcher's Grant Projects

Credit for Climate Change: Water Tanks as a Means of Resilience

The Role of Loss Aversion in Take-up and Repayment of Financing Contracts

Management Information Systems and Firm Performance: Experimental Evidence From a Large Agribusiness Company in Kenya

Researcher's Publications

The Endowment Effect and Collateralized Loans

Realizing the potential of digital development: The case of agricultural advice

Crony Capitalism, Collective Action, and ICT: Evidence from Kenyan Contract Farming

Harnessing ICT to Increase Agricultural Production: Evidence From Kenya

Management Information Systems and Firm Performance: Experimental Evidence from a Large Agribusiness Company in Kenya